Indian Port Rail And Ropeway Corporation Limited Tender

The required prior work experience for the bidder includes specific construction experience, particularly contracts of similar size and nature, which means "Construction of RUB/LHS by BOX Pushing/Air Pushing Technique on running road/railway line". The bidder must have successfully completed or substantially completed any one of the following categories of work(s) during the last 07 years: - Three similar works, each costing not less than 40% of the advertised value of the tender. - Two similar works, each costing not less than 50% of the advertised value of the tender. - One similar work, each costing not less than 80% of the advertised value of the tender. The bidder's average annual construction turnover during the last three years should be at least 30% of the advertised value of the tender. The phrase “substantial completion” means where the employer has certified: Ongoing works where required value of the work as well as required quantity of key activity has been physically more than 80% completed. The bidder should fill up Form EXP-2(a) for each contract of similar size and nature and attach a copy of the Certificate(s) issued by the employer in support of the information being furnished. Historical financial performance is also required, demonstrated by submitting audited balance sheets for the last five financial years, with a minimum requirement of positive Profit Before Tax (PBT) for three financial years out of the last five.